Saturday, March 14, 2009

Business India - Latest Buzz In Indian Stocks

Have a look at the latest buzz in some of the big companies in Indian stock markets.• Reliance Industries is likely to begin gas production from the KG basin by mid-April, about a month after the previous deadline of mid-March. (BS)

• BHEL may team up with Bharat Forge and Areva, France, for its proposed nuclear forging business. (ET)

• Power ministry backs NTPC to expedite the delivery of fuel. (ET)

• Tata Communication has dropped its proposed rights issue of Rs10bn, but plans US$400-500m capex in the next financial year. (FE)

• Tata Motors JLR will be getting about GBP27m from UK government for production of a new ‘green car’ model. (ET)

• Sanjay Kapoor, president of Bharti Airtel’s mobile division, is now deputy CEO of the company. (ET)

• Wipro Infotech along with Middle East arm of Wipro bagged an IT outsourcing contract from ESIC worth Rs12bn. (ET)

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